The $425 Million Bitcoin Bet – Dan Held & Michael Saylor

He’s making a BIG bet on Bitcoin. There have been major macro tailwinds for Bitcoin of late, but none quite like MicroStrategy CEO Michael Saylor’s $425 million buy with no intention to sell. See him unpack the following topics with Kraken Growth Lead Dan Held: 0:00 | Intro Music 3:37 | Adopting Bitcoin as Public Company, 11:45 | Bitcoin as Paradigm Shift 15:00 | The Solution to a $250 Trillion Problem 17:20 | Fire in Cyberspace 18:38 | Monetary Frameworks 19:04 | Adiabatic Lapse & Thermodynamics 21:18 | Faulty Altimeters & Energy Loss 25:00 | How the 2020 Crisis Is Catalyzing Change 27:04 | Warren Buffet & Apple 33:00 | A K-Shaped Recovery 35:00 | Digital Advertising Challenges 37:00 | Learning from Dan Held & Path Dependency 38:00 | Crisis Quickens Resolve 39:47 | Forward Looking Catalysts 43:30 | Allocation & Commitment 48:00 | Virtues of Public Commitment to Bitcoin 53:15 | Finance Systems vs. Engineering Systems 57:00 | Monetary Energy Systems 59:32 | Preserving Energy via Encryption 1:00:00 | Virtues of Preserving Energy via Hodling 1:01:00 | Foolishness of Crypto Critics 1:02:00 | Strength of the Bitcoin Economy 1:06:00 | Rational Stampede into Bitcoin 1:09:00 | CeFI vs. DeFi 1:11:10 | Role of Crypto Banks & Competition 1:13:00 | Cyber Economy Growth 1:15:00 | The Central Bank of Cyberspace 1:17:00 | Success of Square “David & Goliath” 1:18:00 | Flippening Milestones: Gold, Big Tech, Debt 1:22:00 | Competing with Gold & Big Tech 1:23:00 | Domain & Universal Scarcity 1:25:00 | Limits of Metcalfe Law, Gravitational Laws 1:29:27 | Differences Between Facebook & Bitcoin 1:31:30 | Impact of Institutional Adoption 1:32:30 | Positive Feedback Loops & Engineering Discipline 1:34:45 | Bitcoin is an Engineering Breakthrough 1:36:00 | Bitcoin Economy, Mining, & Business Opportunities 1:43:00 | Anti-fragile Economics & Risk Management 1:46:00 | Hodling vs. Trading Bitcoin - Risk of Chasing Yield 1:48:00 | Bitcoin as Collateral for Loans 1:49:28 | Advice for Starting a Bitcoin Business 1:50:00 | Engineering Arrogance & Ignorance 1:51:48 | Bitcoin Doesn’t Need to be Fixed 1:54:43 | Bitcoin Lives as Long as Maximalists Believe in It. 1:56:51 | Don’t Mess with the Hornets 🐙 Kraken 🐙 🖥 Website: https://www.kraken.com/ 📱 Twitter: https://twitter.com/KrakenFX ✏️ Blog: https://blog.kraken.com/ 🎥 Periscope: https://www.periscope.tv/krakenfx/1eaKbnXbLWVKX 📺 Youtube: https://www.youtube.com/watch?v=rkr9vGGP0uM 🛒 How to buy Bitcoin: https://www.kraken.com/en-us/learn/buy-bitcoin-btc About Michael Saylor Mr. Saylor is a technologist, entrepreneur, business executive, philanthropist, and best-selling author. He currently serves as Chairman of the Board of Directors and Chief Executive Officer of MicroStrategy, Inc. (MSTR). Since co-founding the company at the age of 24, Mr. Saylor has built MicroStrategy into a global leader in business intelligence, mobile software, and cloud-based services. In 2012, he authored The Mobile Wave: How Mobile Intelligence Will Change Everything, which earned a spot on The New York Times Best Sellers list. Mr. Saylor attended the Massachusetts Institute of Technology, receiving an S.B. in Aeronautics and Astronautics and an S.B. in Science, Technology, and Society. Website: https://www.microstrategy.com/en/bitcoin Twitter: https://twitter.com/michael_saylor About Dan Held Dan Held is the growth lead at Kraken. His former company Interchange – a portfolio reconciliation tool – was acquired by Kraken in 2019. Twitter: https://twitter.com/danheld #bitcoin #crypto #saylor